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Life is Better in places with lower GDP

3 pointsby dmitriy_koabout 6 years ago

1 comment

wppickabout 6 years ago
This sounds like a &quot;leadership&quot; problem. I put leadership in quotes because there is a difference between leadership and management, so I&#x27;d say it&#x27;s more of a management problem (with a lack of leadership).<p>Check out the books &quot;The Growth Delusion&quot; by David Pilling and &quot;The Tyranny of Metrics&quot; by Jerry Muller if you&#x27;re interested in this topic.<p>I think this could potentially be a foundational problem in some western countries. Does a focus on GDP growth serve the people of the country, or does it serve someone else like (potentially foreign) shareholders?<p>Things like a mother staying home and taking care of her child instead of sending it to daycare, cooking meals at home versus buying from a restaurant both don&#x27;t show up in GDP. The example in the article is breaking windows and having to pay to get them fixed. Doesn&#x27;t really seem like a great measure of wealth to me...